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 A man sells two tables at the same price. On one he makes a profit of 10% and on the other he suffers a loss of 10%. His loss percent on the whole transaction is

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 A man sells two tables at the same price. On one he makes a profit of 10% and on the other he suffers a loss of 10%. His loss percent on the whole transaction is

A). 1 % gain

B). 1 % loss

C). 2 % gain

D). 2 % loss


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Answered by on | Votes 0 |

1 % loss



Note: If there is an increase and decrease same percent, say,”a%” then there is always a loss

of a²/100.

Therefore, in this problem, a = 10, and therefore, loss percent = 10²/100

= 1% loss.

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